Journal of Business Ethics 51 (2):103-118 (2004)

Authors
Marilyn Gaye Piety
Drexel University
Abstract
One of the most significant developments in the latter part of the 20th century and the first part of this new millennium has been the triumph of short-term over long-term thinking. We are increasingly a culture that looks neither to the past nor to the future, but only to the next “quarter,” or to the next Delphic pronouncement by Alan Greenspan. This cultural construction of time has given rise to social, political and personal problems of unprecedented magnitude. The short-term focus of contemporary American capitalism is causing us to behave, both individually and collectively, in an increasingly irrational and thus self-destructive manner. Ours is now the most violent, crime-ridden society in the industrialized world. Capitalism is sometimes blamed for this, yet there are other capitalist societies that do not suffer the same evils we suffer. I argue that we can learn from these societies how to correct some of the ills of our own system and in this way construct a new paradigm of the market, a paradigm for the new millennium, a more mature, rational version of capitalism that would focus on the long rather than the short term.
Keywords American exceptionalism  capitalism  competition  conformity  culture  Darwinism  down-sizing  Europe  evolution  flexibility  greed  Hobbes  inequality  laissez-faire  market  natural selection  progress  Protestantism  risk  short term  shortsightedness  socialism  stock  taxes   Tikkun  unemployment  unraveling  values  work
Categories (categorize this paper)
DOI 10.1023/B:BUSI.0000033605.51733.92
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 53,645
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

A Model of Business Ethics.Göran Svensson & Greg Wood - 2008 - Journal of Business Ethics 77 (3):303 - 322.
A Model of Business Ethics.Göran Svensson & Greg Wood - 2008 - Journal of Business Ethics 77 (3):303-322.

Add more citations

Similar books and articles

The Short-Term/Long-Term Memory Distinction: Back to the Past?Giuseppe Vallar - 2003 - Behavioral and Brain Sciences 26 (6):757-758.

Analytics

Added to PP index
2009-01-28

Total views
37 ( #263,608 of 2,349,139 )

Recent downloads (6 months)
1 ( #511,414 of 2,349,139 )

How can I increase my downloads?

Downloads

My notes